Diageo gets lift from emerging markets and US October 17, 2012 DIAGEO yesterday posted a five per cent jump in underlying sales driven by demand for spirits such as Smirnoff vodka in the US and strong sales of scotch in emerging markets like China. The drinks giant said net sales in North America, which accounts for a third of its sales, rose six per cent in [...]
Ebay revenues jump 15 per cent October 17, 2012 EBAY last night announced that revenues grew 15 per cent in the last quarter to $3.4bn (£2.1bn), producing profits of $718m. The firm’s online auction site and PayPal payment service continue to perform well but chief executive John Donahoe (pictured) is branching out into new services, such as providing technical support for purchases.
888 hits jackpot thanks to poker growth in Spain October 17, 2012 888 HOLDINGS has reaped the rewards from an ambitious marketing campaign and expansion in the newly regulated Spanish gaming market, the company said yesterday, leading it to better than expected sales. The online poker and casino operator said turnover had jumped seven per cent year-on-year in the quarter to October. While growth in casino gaming [...]
Crimson Tide announces mobile software tie-up with Microsoft October 17, 2012 MOBILE software company Crimson Tide yesterday signed a deal with Microsoft to use the tech giant’s cloud-based infrastructure. Crimson Tide, which develops and operates the mpro smartphone app, said the agreement would “provide current and future customers with the most secure, reliable and robust enterprise application available”. Microsoft’s cloud platform, Windows Azure, allows companies to [...]
Marketing spend suffers worst fall for three years October 17, 2012 MARKETING budgets took their biggest hit in three years in the last quarter amid shrinking business confidence, new data released today shows. Statistics from Markit’s influential IPA Bellwether survey show that budgets shrank for the second successive quarter in the three months to October, with 23 per cent of companies saying budgets had contracted. Just [...]
Dutch chip firm ASML buys US’s Cymer for €2bn October 17, 2012 DUTCH microchip equipment maker ASML is set to spend €1.95bn (£1.6bn) on Cymer, a US technology company whose technology is crucial to making the next generation of smartphone chips, the company said yesterday. ASML saw a flood of investment from microchip manufacturers Samsung, Intel and others over the summer, in order to fund new research [...]
Survey reveals financial chasm between top UK football teams October 17, 2012 POLARISATION between British football’s haves and have-nots is growing, with most clubs outside the English top flight reliant on owners to cover losses, according to a survey published today. Some 66 per cent of all teams who responded said they did not expect to make a profit before player trading and amortisation, an increase from [...]
CWC confirms Macau sale talks October 17, 2012 Cable & Wireless Communications (CWC) yesterday said it was in talks over a sale of its business in Macau, a further step as the mobile network company focuses its operations on its Caribbean and Panama operations. The FTSE 250 firm, formed in 2010 when it split from Cable & Wireless Worldwide, is negotiating with Pacific [...]
Speedy Hire sees steady growth October 17, 2012 Speedy Hire, the tools and equipment rental service, remains on track for impressive growth this year after saying yesterday that sales had risen 5.3 per cent in the first half of the financial year, when the effects of recent disposals were stripped out. The company said its progress – in line with expectations – was [...]
European slowdown hits Danone October 17, 2012 French food group Danone said growth slowed sharply at its dairy division as shoppers in Italy and Spain switched to cheaper alternatives in recession conditions unlikely to ease into next year. Kicking off the third-quarter reporting season yesterday ahead of large food makers like Nestle and Unilever, the world’s largest yoghurt maker, whose brands include [...]
